News Highlights: Top Company News of the Day
December 07 2017 - 7:15AM
Dow Jones News
HSBC's Second-Largest Shareholder Is Now From China
One of China's biggest insurers has become the second-largest
shareholder of HSBC Holdings, but it won't influence how the
U.K.-based bank is run, HSBC's departing Chief Executive Stuart
Gulliver said.
Making Credit Suisse Swiss Again
Two years into its overhaul,Credit Suisse has returned to its
Alpine roots by building up its Swiss unit and, more important,
expanding the management of wealthy clients' money, long a staple
of Swiss banks.
Visa Spent a Year Developing a 'Signature Sound'
Visa is launching a signature sound people will hear when they
make a payment through a mobile device or at a cash register. Some
options were eliminated for sounding 'angry' or eliciting 'visceral
reactions.'
Samsung's Rally Can't Keep Living on Memories
The Korean tech giant's stock price and profits have doubled in
the past two years. Industry fundamentals suggest it will struggle
to maintain that pace.
Roche's Immunotherapy Drug Extended Patients' Lives
Roche Holding said its immunotherapy drug Tecentriq slowed the
progression of lung cancer and helped patients live longer in a
late-stage study, bolstering the Swiss drugmaker's defense against
a wave of cut-price competition to its top-selling medicines.
Who's Making Sam's Club a Hit in China? Picky Mothers
Wal-Mart Stores Inc.'s Sam's Club warehouse stores are a hit
with mothers in China seeking high-quality imported products-even
as the chain has struggled in the U.S. to shed a budget-minded
image.
Engine Trouble Grounds Some Air New Zealand Flights
Air New Zealand experienced two separate issues with engines on
Boeing 787-9 aircraft this week that forced the planes to turn back
to Auckland.
Ford to Move Electric Car Production to Mexico
Ford plans to produce a future electric car in Mexico rather
than make it in the U.S., reversing plans announced in January to
make its Flat Rock, Mich., assembly plant near Detroit its main
electric-vehicle production site.
Ernst & Young Promotes Kelly Grier to Run Its U.S. Business
Ernst & Young LLP named Kelly Grier as its new chairman and
managing partner Wednesday, making her the first woman to lead the
giant accounting and professional-services firm in the U.S.
Citigroup Faces $20 Billion Hit From Tax Overhaul
Citigroup finance chief John Gerspach said the bank is likely to
take a hit of about $20 billion to profits under the tax plans
recently passed by Congress.
(END) Dow Jones Newswires
December 07, 2017 07:00 ET (12:00 GMT)
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